Westpac’s woes continue, as regulator APRA orders the bank to hold an extra $500 million in reserve

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Westpac’s woes continue, as regulator APRA orders the bank to hold an extra $500 million in reserve
  • Westpac has been slapped with a legal mandate to hold an extra $500 million in reserve following its “heightened risk profile”.
  • The instruction from the Australian Prudential Regulation Authority (APRA) comes as it announces a formal investig…
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